Forex Brokers That Accept Ideal Payment Method for Deposit and Withdrawal

Opening a brokerage involves various steps, including legal and regulatory requirements, technology setup, and client acquisition. The specifics can vary based on your location and target market.

Continue Reading at What You Need to Know Before Starting Your Own Brokerage

We can probably compare current prices and swaps between brokers to find which is the fairest of them all, but we cannot do so all the time.

That's why it cannot be totally avoided.

Continue Reading at Can ECN Brokers Cheat on You?

Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.

In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting. 

Continue Reading at 5 Signs Your Broker Trades Against You

There are at least three skills that you need to have to avoid scams:

1. First, you must be able to identify a regulated broker authorized by a trusted regulator. It is essential to check this aspect at the start because if the broker's not regulated to begin with, then there is a higher chance of low-quality services that lead to financial loss.
2. Second, you should be realistic while scanning through any broker's promotions and bonuses. Scammers tend to over-promising by offering unrealistic deals to get more clients.
3. Lastly, you need to understand how forex broker scams usually cheat on their clients. You will get to know their characteristics and, therefore, avoid them as best as you can.

Continue Reading at 5 True Stories of Forex Broker Scams